Vestwell Recognized on the 2024 Inc. 5000 for the 3rd Consecutive Year
NEW YORK, NY, August 13, 2024 – Inc. revealed today that Vestwell ranks No. 499 overall on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Microsoft, Meta, Oracle, and many other household-name brands gained their first national exposure as honorees on the Inc. 5000.
"I’m beyond proud of our team to clear such a high bar, moving up the ranks into the top 10% of the Inc. 5000 Fastest Growing Companies," said Aaron Schumm, founder and CEO of Vestwell. "The perseverance and focus to achieve this recognition for three consecutive years illustrates our team's ability to impact access to holistic savings programs built for retirement, education, and healthcare needs."
"It is an honor to receive this award among other innovative companies, and we are eager to continue partnering with industry leaders, bridging the savings access gap to all Americans," he added.
The Inc. 5000 class of 2024 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate is 1,637 percent. In all, this year’s Inc. 5000 companies have added 874,458 jobs to the economy over the past three years.
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. All 5000 companies are featured on Inc.com starting Tuesday, August 13, and the top 500 appear in the new issue of Inc. magazine, available on newsstands beginning Tuesday, August 20.
“One of the greatest joys of my job is going through the Inc. 5000 list,” says Mike Hofman, who recently joined Inc. as editor-in-chief. “To see all of the intriguing and surprising ways that companies are transforming sectors, from health care and AI to apparel and pet food, is fascinating for me as a journalist and storyteller. Congratulations to this year’s honorees, as well, for growing their businesses fast despite the economic disruption we all faced over the past three years, from supply chain woes to inflation to changes in the workforce.”
Vestwell continues to reshape the savings industry through its award-winning technology, exceptional service, and vast team of experts committed to closing the savings gap. The company continues to innovate through new savings products and key industry partnerships, including being selected to power the “at work” and individual savings solutions for some of the largest financial institutions in the world and the leading partner for state governments, powering over 80% of the live state auto-IRA programs in the country. This mission-driven approach has earned the company several recent awards, including CNBC’s World’s Top FinTech Companies, the Forbes Fintech 50, and Aaron Schumm being named an Entrepreneur Of The Year 2024 New York by EY.
As part of Vestwell’s continued growth, the company is hiring across finance, sales, and marketing teams. Explore open opportunities at www.vestwell.com/careers.
More about Inc. and the Inc. 5000
Methodology
Companies on the 2024 Inc. 5000 are ranked according to percentage revenue growth from 2020 to 2023. To qualify, companies must have been founded and generating revenue by March 31, 2020. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2023. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2020 is $100,000; the minimum for 2023 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.
About Inc.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work achieves a monthly brand footprint of more than 40 million across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since its launch as the Inc. 100 in 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.
For more information on the Inc. 5000 Conference & Gala, to be held from October 16 to 18 in Palm Desert, California, please visit http://conference.inc.com/.
